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Evonik Performance Materials GmbH announces a global price increase for its Potassium Methylate solution alkoxide, effective from November 1, 2017. All existing contracts will be honored.

Prices will be increased as follows:
Potassium Methylate 32% Solution in Methanol (KM32) up to 4%

The increase is unavoidable and necessary to offset the on-going escalation of regulatory and operating costs.

Evonik appreciates the long-term and solid relationship with our business partners and will remain focused on providing with high quality products and excellence in value-added services.

About Evonik
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-orientated innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 35,000 employees. In fiscal 2016, the enterprise generated sales of around €12.7 billion.

About Performance Materials
The Performance Materials Segment is managed by Evonik Performance Materials GmbH. The segment focuses its global activities on developing and manufacturing polymer materials and intermediates, especially for use in agriculture and in the rubber and plastics industry. In 2016, the segment’s roughly 4,400 employees generated sales about €3.2 billion.